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NEDA highlights importance of emerging technologies, digitalization in achieving socioeconomic transformation goals

The National Economic and Development Authority (NEDA) underscored the crucial role of emerging technologies and digitalization in realizing the socioeconomic transformation goals outlined in the Philippine Development Plan (PDP) 2023-2028.

During his keynote speech at the prestigious International ICT Awards-Philippines (IICTAP) celebratory gala dinner, NEDA Secretary Arsenio M. Balisacan emphasized the significance of information and communications technology (ICT) in today’s interconnected world.

“In this digital era, the significance of ICT cannot be overstated. It serves as the foundation of our interconnected world, permeating every aspect of our lives and driving transformative changes in various industries,” said Balisacan.

He highlighted the urgent need to understand and harness the potential of rapidly developing technologies, such as artificial intelligence, while ensuring responsible innovation through appropriate regulations.

Balisacan also emphasized the role of digitalization in enhancing efficiency, improving public service delivery, and reducing opportunities for corruption.

Chapter 6 of the PDP 2023-2028 outlines strategies to accelerate the digitalization and innovation of startups, micro, small, and medium-sized enterprises, with a particular focus on increasing e-commerce adoption. This approach aims to empower businesses of all sizes, reduce costs, and ultimately benefit Filipino consumers.

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